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    Melrose Multifamily Portfolio Opportunity
    Updated: May 14
    Melrose Multifamily Portfolio Opportunity

    24 W Emerson Street, Melrose, MA 02176

    Contact for pricing
    3,725 sqft 0.71 AC lot
    Portfolio of four adjacent parcels totaling ~0.71 acres with 14 existing units.
    Zoning (UR‑D / Urban Residential) allows for up to 21 units by right.
    Redevelopment or expansion strategies possible (subject to approvals).
    Ample on‑site parking, including garage and off‑street spaces.
    Includes a 5‑unit, 4‑unit, 2‑unit (duplex), and 3‑unit (triplex) building.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Melrose, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex with Off-Street Parking
    Triplex with Off-Street Parking

    123-125 Laurel St, Malden, MA 02148

    $1,020,000
    2,929 sqft 0.09 AC lot

    Triplex with a full basement, off-street parking, and laundry hookups with a 2-2-1 unit mix.

    View details
    Triplex with Six Bedrooms
    Triplex with Six Bedrooms

    24-26 Edith Ave, Everett, MA 02149

    $1,200,000
    4,283 sqft 0.12 AC lot

    Built in 1900, this three-story triplex offers six bedrooms and three full bathrooms across refined living space.

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    Three-Family Residential Income Property
    Three-Family Residential Income Property

    203-205 Salem Street, Malden, MA 02148

    $1,162,000
    4,051 sqft

    Three-family with two first-floor 1-bedroom units and upper-level layouts including a 3-4 bedroom unit and a 1-bedroom with home office.

    View details
    Rebuilt Three-Unit Residential Property
    Rebuilt Three-Unit Residential Property

    15 Porter St, Everett, MA 02149

    $1,259,000

    Three fully rebuilt units feature new kitchens, granite baths, hardwood flooring, and updated HVAC, with two units currently rented.

    View details

    Melrose, MA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Melrose, MA on our real estate platform. These investment opportunities span a total of 3,725 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 5
    Quadplexes 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 29K
    Population Growth (5Y) +4.9%
    Median Household Income $126,854
    College Educated 90.3%

    Taxes & Financing

    Tax Rate (average for all types) 1.63%
    Property Tax per SF $9.48 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Middlesex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Middlesex County

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